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Risk Management Frame Work: Risk Analysis-Method Risk-External Risk-Example

This document outlines a risk management framework that includes risk identification, evaluation, analysis, mitigation, and review. It identifies several categories of risk including strategic, operational, financial, compliance, and external risks. Specific internal and external risks are then listed under categories such as legal, technological, competitive, market, cultural, social, economic, international, national, regional, local, values, organizational performance, and interested parties. The framework also describes methods for risk analysis including using a risk register and PFMEA. It notes that various teams will be responsible for monitoring different risk areas and that risk will be reviewed annually.

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Bharath
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65 views

Risk Management Frame Work: Risk Analysis-Method Risk-External Risk-Example

This document outlines a risk management framework that includes risk identification, evaluation, analysis, mitigation, and review. It identifies several categories of risk including strategic, operational, financial, compliance, and external risks. Specific internal and external risks are then listed under categories such as legal, technological, competitive, market, cultural, social, economic, international, national, regional, local, values, organizational performance, and interested parties. The framework also describes methods for risk analysis including using a risk register and PFMEA. It notes that various teams will be responsible for monitoring different risk areas and that risk will be reviewed annually.

Uploaded by

Bharath
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Risk Management Frame Work

Risk Risk Evaluation Risk mitigatio


Identification

Risk Analysis-Me
What Risk- External Risk-Example

Not Holding Valid licence/Consent


Legal

Process/Machinery upgradation not


practiced
Technological

Not identifying the Competitors and


their Edge over our product
Competitive

Demand of our Product in the Market


and meeting the demand
Market

Non complaince of specific requirement


of a culture in respect of Customer,
Supplier, Govt Agencies
Cultural

Ignoring of the Local socities/employees


genuine concerns
Risk Identfcaton, Risk Evlauaton and Risk mitgaton

Social

Overall Economy and the Market scenario


Economic Environments w.r.t of Product demand and buying
capacity

Impact as a result of Global recession,


International raw material import, transporation,
regulatory changes

Budget,Change in level playing field due


National to monitory/ other regulatory changes

Changes in factors specific to


Regional States/District directives

Issues objected by our neighbours


Local
Risk- Internal
Not complying to our Values /Ethicks
Values
Absence of the belongingness sense
Culture
Knowledge(Product , Process ,
Integrated Management System Inadequate of Knowledge of
Requirements) Process/Product/Integrated System

a) Not evaluating the Companies


Financial Performance, Market & Product
vialibility,
b) Failure to initiate the required steps
after detailed anlysis
Performance of Organization
Failure to provide material on time
against demand,
In ability to meet the full demand,
Interested Parties (Customer + Ineffective communication w.r.t delivery
Employess + Bank + External commitments
provider (Supplier )
Risk mitigation Risk Risk Review
Monitoring

Risk Analysis-Method
Method Support (Who can) When Remarks

Risk register Office Secretary

Risk register Industrial/Technical team Industry Bench mark data

Risk register Marketing

Risk register Marketing

Risk register HR

Risk register CSR

Risk register Marketing & Sales


A watch on market & Gov
initiatives

Procurement & Marketing &


Risk register Coal Import ,Billet Exports
Sales
31-Mar-17

Procurement & Marketing &


Risk register Sales, Office Secretary(Legal)

Risk register
CSR/Office Secretary(Legal

Risk register CSR/Admin

Risk register HR
Risk register HR
HR/Technical Team
PFMEA

Risk register MD

Marketing &
Sales/Procurement/Operatio
Risk register n Team

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